Australian Foundation Investment Company updates on share buy-back progress

Australian Foundation Investment Company Limited (AFI) has issued an update regarding its on-market buy-back facility, indicating the announcement serves to refresh the company's capital management purposes. As of September 12, 2025, the company reported buying back 69,750 ordinary fully paid securities on the previous day, September 11, 2025. This brings the total number of securities bought back before the previous day to 9,512,481. The total consideration paid for the securities on the previous day was AUD 499,877.33, with a highest price of AUD 7.17 and a lowest price of AUD 7.16.

The buy-back, facilitated by Morgans Financial Limited, involves a maximum proposed number of 124,654,944 securities, with 119,903,821 securities remaining to be bought back as of the end of the previous day. The buy-back commenced on February 24, 2025, and is scheduled to conclude on February 23, 2026. The initial notification of this buy-back was made on December 2, 2024. The highest price allowed to be paid on the previous day under listing rule 7.33 was AUD 7.6193.